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Business For Sale

MEDITERRANEAN RESTAURANT & CATERER

Attn: Roger Silvi
Oakland County, MI, USA
Listing Number: "15990417"
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Asking Price: $249,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Owner moving out of country
Year Established: 2004
# of Employees: 7
Yearly Revenues: $552,958
Yearly Cash Flow: $92,116
 

Business for Sale Overview:

This business is a restaurant that serves Lebanese – American cuisine to dining room patrons and caters a wide variety of foods and cuisines to catering clients. The lunch catering menu includes basic American, Mexican, Greek, Middle-Eastern and Italian selections. Approximately two-thirds of their revenues are derived from their repeat catering business. The restaurant seats up to 95 diners. There is an active Class C Liquor License on-premise and available for sale, but it is not included in the sale price. At present, liquor constitutes a very small percentage of sales and is not needed to sustain income levels. Catered lunches are prepared daily and delivered to a wide variety of professional groups, clubs and organizations on a regular basis all over southeast Michigan. The kitchen is well-equipped, functional and lined entirely with stainless-steel. There is plenty of available refrigerator and freezer space. Revenues have been consistently strong. This opportunity is ideal for an owner-operator with some food service experience that is not looking to work nights as is commonly required of traditional bars and restaurants. Financing is available for qualified buyers with a minimum of $50,000 down.


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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